Bumble 's (NASDAQ: BMBL) stock recently popped after the online dating company posted its first quarterly report as a public company. Its fourth-quarter revenue rose 31% year-over-year to $165.6 million.
Bumble's revenue from its namesake app, which lets female users make the first move, increased 47% to $105.8 million. Its revenue from the older dating app Badoo, which is more popular in Europe and Latin America, and other smaller businesses rose 10% to $59.8 million.
Bumble's adjusted EBITDA surged 101% to $44.1 million, boosting its adjusted EBITDA margin from 17.3% to 26.6%. But on a GAAP basis, it posted a net loss of $26.1 million, compared to a net profit of $17.2 million a year ago.
For further details see:
4 Reasons to Buy Bumble Now and 4 Reasons to Wait